Irvinean said:It looks like it, there seems to be allot of inventory recently which did not seem to be the case before. It is going to be interesting to see what happens in a year when all these new communities open. Excited to see how what type of products will emerge from the competition.
Or they'll delay. Like OH. 5 yr delayIrvinean said:It looks like it, there seems to be allot of inventory recently which did not seem to be the case before. It is going to be interesting to see what happens in a year when all these new communities open. Excited to see how what type of products will emerge from the competition.
LongIrvine said:They're definitely high. I bought in BP. Need to live somewhere and kids are popping out.
Felt overpaid by at least 50-75 per ft.
Not many places that I could get the Floorplan and lot size we wanted without large renovation so just ate it
Purple said:There seems still a lot of room for price rise with Irvine homes thru 2016 and 2017.
Purple said:Just my observation - It looks like we have reached 2006 price point overall. However, the interest rates are much lower compared to 2006. Also factor in inflation and income growth in the last 10 years. There seems still a lot of room for price rise with Irvine homes thru 2016 and 2017. The slowness we are seeing now is manly due to seasonality. BP homes are coming up in MLS because of unreasonable pricing, high MR and the negative factors associated with that specific community.
soysen said:Purple said:Just my observation - It looks like we have reached 2006 price point overall. However, the interest rates are much lower compared to 2006. Also factor in inflation and income growth in the last 10 years. There seems still a lot of room for price rise with Irvine homes thru 2016 and 2017. The slowness we are seeing now is manly due to seasonality. BP homes are coming up in MLS because of unreasonable pricing, high MR and the negative factors associated with that specific community.
Keep in mind 2006 prices were not based on reality. Are you suggesting we still some time before returning there? I doubt the days of throwing loans out to anyone with a pulse will play out that way again.